Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
British Pound/Mauritius Rupee (FOREX:GBPMUR)
Long-Term Downtrend (-90) - GBPMUR is in a strong downtrend that is likely to continue. While GBPMUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPMUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPMUR
The long-term trend has been DOWN since Sep 7th, 2023 at 56.342044
The intermediate-term trend has been DOWN since Sep 6th, 2023 at 56.927474
The short-term trend has been DOWN since Sep 13th, 2023 at 56.255927
Smart Scan Analysis for GBPMUR
Based on our trend formula, GBPMUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).